Bitwise: Circle Payment Infrastructure Severely Undervalued by the Market, Stablecoin Market Could Expand to $5 Trillion

According to CoinDesk, Bitwise Head of Research Ryan Rasmussen stated in an interview that Circle's market opportunity is being severely underestimated by investors as the stablecoin market expands from its current scale of approximately $300 billion to $3 trillion to $5 trillion. He pointed out that the market is currently focusing solely on Circle's reserve yield business while ignoring the "second growth curve" of the payment infrastructure it is building, comparing Circle's long-term potential to Visa and Mastercard. Rasmussen also mentioned that whether Circle's Arc blockchain, as a Layer-1 network designed specifically for stablecoin payments, can be adopted and integrated by the traditional financial system will be a core indicator to watch over the next year. He predicted, "Looking back in five years, Circle will be not only a stablecoin giant but also a payment giant."